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Sunland Asphalt Acquires Georgia Paving to Expand Southeast Presence
Slice of Construction Team
August 01, 2024
Key Highlights:
Sunland Asphalt acquires Georgia Paving to enhance its Southeast U.S. presence.
Georgia Paving established in 1996, recognized for exceptional service and quality.
Acquisition expands Sunland’s operations to five states.
Partnership aligns with Sunland’s growth strategy and customer-centric values.
Source (Business Wire)
Notable Quotes:
“Sunland is excited to partner with the Georgia Paving team to continue our growth as a super-regional provider of asphalt paving and maintenance services throughout the broader U.S. sunbelt.”
“Sunland’s customer-centric culture aligns perfectly with our values. Joining forces with Sunland means that we can learn from best practices, benefit from being a part of a larger organization, and serve as a platform for additional growth in the Southeast region.”
“Sunland's partnership with Georgia Paving is a key milestone for Sunland’s growth with our expansion into the Southeast geography.”
Our Take:
The acquisition of Georgia Paving by Sunland Asphalt, under the strategic guidance of Huron Capital, represents a significant move in the asphalt paving and maintenance industry. By expanding into the Southeast U.S., Sunland not only broadens its geographical footprint but also enhances its service capabilities with a partner known for quality and reliability. This acquisition underscores the importance of strategic growth and alignment in the private equity space, ensuring that both entities can leverage shared values and expertise to drive further success. The involvement of top-tier advisors like Honigman LLP and Moss Adams LLP further highlights the meticulous planning and execution behind this deal.